How’s the life and pay in Blackrock?

A friend of mine (non-tech background, Finance degree) got an offer for analyst position from Blackrock. He’s fresh out of college and has one intern experience.

The offer he told me sounds super low-ball to me: the base is $65k which sounds resoundingly low from my perspective. No sign-on, no relocation, no guaranteed bonus (perf-based). And there’s also no base adjustment for different location. His preferred location is in West coast.

I’m probably spoiled by tech companies these days and also I am not familiar with the non-tech world, but does this offer sound reasonable? To me this is such a rip-off, what do you think?

comments

Black rock is having a tough time, ETFs are a race to the bottom. It’s a bad area to be in the financial sector, but within finance, blackrock is a prestigious firm that’s at the top of its game. Probably better places to work

Blackrock has some good big data, real time streaming, large Cassandra cluster etc. The Aladdin group is good to work in there. No idea about geico, blackrock is definitely better. But could be team dependent

Fresh grad out of college for tech in BlackRock is 100k base plus ~10% bonus. For finance positions, unless it is for investment teams (teams directly manage portfolios etc. Given the 65k number i don't think your friend is in one of those), bonus is like 20 - 50% and that's it.Obviously that is for junior level positions, if anyone made it to MD, total income could be several millions. But I guess you will be at your 40s or 50s at that time.

Thanks for the info, that’s pretty insightful! I’m not sure about the team specification but I’ll ask him. Mind if I ask what would be the expected salary for analyst in investment team? Even the tech role sounds low-ish to me, baseline offer in major tech companies can easily beat that.

Sorry I’m confused but what do you mean by risk? If base is the same for both non-investment and investment team but one has bonus ranging from 20-50% while the other has bonus ranging from 20-150%...that sounds like no brainer right?